BB&T

Tenant Description

BB&T is one of the largest financial services holding companies in the US, offering various banking and trust services for small and mid-size businesses, public agencies, local governments, and individuals. It operates 1,800+ financial centers in 15+ states. BB&T offers a full range of consumer and commercial banking, securities brokerage, asset management, mortgage and insurance products and services. BB&T is a Fortune 500 company and consistently recognized for outstanding client satisfaction by the US Small Business Administration. It has also been named one of the World’s Strongest Banks by Bloomberg Markets Magazine (Top three in the United States and Top 15 Globally).

What We Like About BB&T

Investment Grade Tenant, Infill Real Estate, Most Banks Operate On Ground Leases and BB&T is one of the few that also has fee simple leases (Allowing For Depreciation)

Competition

Chase, Wells Fargo, SunTrust

BB&T Website

https://www.bbt.com/

Corporate Office Location

200 West Second Street – Winston-Salem, NC 27101

Fast Facts

The company was founded in 1872 and is headquartered in Winston-Salem, North Carolina.

As of January 2019, BB&T holds $22.5+ billion in assets and has a market capitalization in excess of $35 billion.

Stock Price
Tenant News
Average Cap Rate Trend
5.75%
2019
5.50%
2020
12 mo avg with 10+ yr lease term (*Please Note Data Points Are Not Exact Figures*)
Average Sale Data & Lease Structure
Average Sale Price$3,600,000
Average Annual Rental Income$200,000
Average Price/ SF$950
Typical Lease TypeNNN
Typical Lease Term15 Years
Typical Lease Escalations1% Annual Increases
Credit Rating
S & PA- Stable
Moody'sA2 Stable

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